InfoSight eNewsletter

State-chartered credit unions (SCUs) now hold approximately half of all assets in U.S. credit unions, according to mid-year data released last week by NCUA, and figures compiled by NASCUS.

FinCEN has published [85 FR 57129] a Final Rule in a recent Federal Register that will remove the anti-money laundering program exemption for banks that lack a Federal functional regulator, including, but not limited to, private banks, non-federally insured credit unions, and certain trust companies.

The National Credit Union Administration opened its second application round for eligible credit unions that want to qualify to use the agency’s streamlined process for Community Development Financial Institution certification.

The Consumer Financial Protection Bureau has released its Outline of Proposals Under Consideration and Alternatives Considered for Section 1071 of the Dodd-Frank Act governing small business lending data collection and reporting.

The Department of Homeland Security reports that, after more than 15 years since Congress passed the REAL ID Act, all 50 states are now in full compliance issuing REAL ID driver's licenses and state identification cards, with most states becoming compliant in the last four years.

OFAC has announced two settlements totaling $583,100 with Deutsche Bank Trust Company Americas regarding apparent violations of the Ukraine-Related Sanctions Regulations.

The House and Senate were in session the week of 9/14, and the Senate Commerce Committee was scheduled to conduct a markup Wednesday of several bills, including the E-SIGN Modernization Act (S. 4159).

International Credit Union (ICU) Day celebrates the spirit of the global credit union movement. The day is recognized to reflect upon the credit union movement's history, promote its achievements, recognize hard work and share member experiences.

If a member uses the coin machine in our lobby, would the cash in for this transaction be aggregated with other deposits made during the same day?

Oklahoma credit unions will continue to play an important role in the election process by providing services to assist voters wishing to cast absentee ballots in November’s general election. Prior to the June primaries, the Oklahoma State Election Board approached the state’s financial institutions to solicit help in verifying the identities of those wishing to vote absentee.